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"Biofuels: EPA Slashes This Year's Cellulosic Targets"

"U.S. EPA has backed down from an ambitious target for cellulosic biofuel production, releasing a final rule today that requires refiners to blend 6 million gallons into the nation's supply of gasoline this year."

"That 2013 requirement is far lower than EPA's initial proposal of 11 million gallons of cellulosic biofuel, or the equivalent of 14 million gallons of ethanol. The final rule -- which sets the volume requirements under the renewable fuel standard -- puts the target for cellulosic biofuel at the equivalent of 6 million gallons of ethanol.

Cellulosic biofuels are those made from plant-based materials; they are considered the next generation of fuels after ethanol."